Monthly Archives: March 2013

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Bernie – Of course they knew…but do you think any of these government employees want the banks to go down and eliminate their empty pensions altogether?

justiceleague00's avatarJustice League

Madoff is sticking it to the banks. Madoff to FOX Business: ‘The banks knew’

Jailed Ponzi schemer Bernard Madoff plans to amplify his contention, possibly in testimony before Congress, that the big banks he did business with – J.P. Morgan Chase (JPM), Bank of New York Mellon (BK THE BANK OF NEW YORK MELLON CORP.), Citigroup (C CITIGROUP INC.) and HSBC Group (HBC), among others – knew what he was up to.

 The banks have repeatedly and vehemently denied this contention.

But in an e-mail to FOX Business reporter Adam Shapiro received Tuesday, Madoff said he plans to offer specific information to Congressional committees investigating both his crimes and possible complicity on the part of Madoff’s banking partners.

Madoff said he has offered Irving Picard, the court-appointed bankruptcy trustee who has pored over Madoff’s finances since the scheme collapsed in late…

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Hey Joe – It’s not necessarily the money laundering aspect that the ethical personnel should have paid closer attention to…it’s the Ponzi scheme…and it’s not like the bank can’t see all the transactions, credit cards and general purchases that anyone makes from their keys to the backdoor.

justiceleague00's avatarJustice League

JPMorgan Chase Now Being Investigated By Eight Federal Agencies, One Case Concerns Whether The Bank Fully Alerted Authorities To Suspicious Madoff Trades

The number of federal agencies now investigating JPMorgan Chase & Co. (NYSE:JPM), the biggest U.S. bank by assets, has grown to eight, and one case involves suspicions the biggest U.S. bank by assets did not fully alert authorities to concerns about Bernard L. Madoff, now in prison for an $18 billion Ponzi scheme, the New York Times said Wednesday.

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JPMorgan Chase Beaten by Beaton, Pro Se! Hallelujah!

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beaten by a girlPro Se Plaintiff Deborah Beaton filed a Complaint against JPMorgan Chase wherein Defendant Northwest Trustee Services, Inc. (“NWTS”) joined in a Motion to Dismiss with Chase. In her Second Amended Complaint (SAC), Beaton alleges three causes of action:

  • (1) Violation of the Federal Debt Collection Practices Act (“FDCPA”) against NWTS,
  • (2) Incomplete Indorsement/Chain of Title, and
  • (3) violations of the Washington Deed of Trust Act (“DTA”).

USDC Honorable Richard A. Jones gave Beaton her causes of action (1) and (2) against the defendants’ Motion to Dismiss… and the beat goes on! Continue reading →

Judges Brainwashed and Compromised by Corporately Sponsored Seminars and FREE Trips?

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Every day attorneys and homeowners are asking – “What’s wrong with these judges?! They are ignoring the Rule of Law. It’s as if they are on the take…” Well, now you know… And who better but corporate America at brainwashing – they even patent it!

Judicial_Travel_artCorporations, pro-business nonprofits foot bill for judicial seminars – George Mason University top host of events

By Chris Young, 

American University Fellow for The Center for Public Integrity


Conservative foundations, multinational oil companies and a prescription drug maker were the most frequent sponsors of more than 100 expense-paid educational seminars attended by federal judges over a 4 1/2-year period, according to a Center for Public Integrity investigation.

Continue reading →

Capital flight has become a serious threat to the Cypriot economy

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Cyprus bank queueYes. The entire Cyprus population as of today will be fully employed for the foreseeable future. Their jobs…

STANDING IN LINE AT THE BANK TO GET THEIR DAILY CASH ALLOTMENT!!

The calm reported in the media just turned to ANGER in Cyprus. Continue reading →

Cyprus Haircuts Could Lead to Bank Runs Says Russia

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CBS Cyprus VideoCypriots have taken a significant haircut losings a significant portion of their deposits. Without the new deal, all depositors would have lost funds. By striking a deal at least depositors with under $100,000 will be “fully guaranteed”.

Cyprus, with the agreement of Eurozone finance ministers, dodged a disorderly sovereign default and unprecedented exit from the euro by bowing to demands from creditors to shrink its banking system in exchange for 10 billion euros (equivalent to $13 billion US) of aid to prevent its banking system collapsing and keep the country in the eurozone. All Cyprus banks will remain closed until Thursday, the central bank has announced in a shock statement. Continue reading →

MONETARY MELTDOWN – FINANCIAL COLLAPSE? GOVERNMENT GUARANTEED!

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2013- THE NEW GLOBAL FINANCIAL CRISIS….(CORRUPTION LAYERED UPON CRIMES AND CORRUPTION)

Posted by:  | on March 23, 2013

HEARD OF CYPRUS? Read more on Matthew D. Weidner’s Blog

Remember: “First come, first served”
Like the Billionaires dumping stocks – get it out of the banks now and invest in something tangible. Plant a garden, put solar on your roof – you may not want to leave those 401ks and mutual funds just sitting there because they may not be there when you need them most. Continue reading →

A Safe and a Shotgun or Public Sector Banks? The Battle of Cyprus

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HISTORY

the more you know

Remember: “First come, first served”
Like the Billionaires dumping stocks – get it out of the banks now and invest in something tangible. Plant a garden, put solar on your roof – you may not want to leave those 401ks and mutual funds just sitting there because they may not be there when you need them most. [Ed. DeadlyClear]

Retirement Don't Bank on itBy Ellen Brown, Web of Debt | News Analysis | Friday, 22 March 2013 | Click here for original Truth-out post.

If these worries become really serious, . . . [s]mall savers will take their money out of banks and resort to household safes and a shotgun. – Martin Hutchinson on the attempted EU raid on deposits in Cyprus banks (Photo: Loz Pycock / Flickr) Continue reading →

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This is just the tip of the iceberg. Couple this issue with the fact that billionaires are bailing out of consumer stock and banks – get your money out now! Remember: “First come – first served.”

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Whether or not you are represented by an attorney understanding the legal system is an asset.  The more you learn, the less likely you are to be taken advantage of or scammed.  Knowledge is power!

 

Unknown's avatarLivinglies's Weblog

HAT TIP TO NAKED CAPITALISM, LINK BELOW. THIS COULD BE WORSE THAN REPEAL OF GLASS-STEAGEL.

Each Bank Has All the Money in the World

OK, I get it the numbers ARE staggering, but both BOA and Chase say they own in $75 trillion in derivatives. And their auditors have undertaken no steps to put a value on that. But just taking these two banks together without all the other banks, we are talking $150 TRILLION. That is more than twice the amount of all the money in the world. And now they are about to get assurance in the form of legislation that would guarantee them payment on all credit default swaps and synthetic derivatives — through Federal bailout!!!

Go to Yves Smith’s site and send the letter he suggests. It is critical that this be stopped. And by the way, those derivatives are all credit derivatives which means they…

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